The dollar is still not able to break out of that 83.50 area to the upside which should mark a march up to the $87 area. A failure in here will send the dollar back to the $80 area.
Markets were weak Monday night, and a meltdown this week of the US stock market would give the safety of the dollar trade enough umph to up and over the line.
A US market rally on the other hand and the dollar should slip nicely back into its 80-82 box where the bulls would like it to go to sleep.
@RedlionTrader
